The CasinoCoin Foundation, a non-profit entity supporting the cryptocurrency CasinoCoin, is striving to enhance its compliance efforts with the appointment of ex-IGT and Yahoo! specialist Antonio Zanghi.
Joining in the newly created role of chief compliance officer, Zanghi is to oversee a technical compliance solution as part of the CasinoCoin blockchain, that is designed to “provide partner operators with complete peace of mind”.
John Caldwell, CasinoCoin Foundation director of advocacy, said of the appointment: “Compliance has never been more critical in the gaming industry than it is today, as we continue to see heavy fines levied on operators for infractions.
“This is why we are delighted to welcome Antonio to the team. His years of experience in this field at the likes of IGT, Yahoo! and Red Tiger Gaming will prove invaluable, as we build the most robust regulatory infrastructure in the sector.
“It has always been the aim of CasinoCoin to go above and beyond on the issue of compliance. Our single wallet solution will not only offer stronger protections and greater transparency to operators and regulators, it will also simplify the on-boarding process for players.”
Via the new hire, Zanghi becomes the second former IGT staff member to join the CasinoCoin Foundation roster this year, following on from the appointment of Ashish Tawakley as chief commercial officer in March.
Regarding his new role, Zanghi commented: “I am absolutely thrilled to be joining the CasinoCoin team. I have worked in compliance for many years now, and I have never been so impressed by the ambition laid out by John and his colleagues.
“By leveraging blockchain technology, it is possible to achieve things not before possible in the field. This is an utterly transformative approach to KYC, AML and responsible gaming that will raise the bar for what is expected of operators across the industry.”